Caa Resources August13 Corporate Presentation

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  • 1. Hong Kong Stocks Code:2112 August 2013
  • 2. Company Profile A major supplier of iron ore products and one of the largest iron ore concentrates producers in Malaysia Major Businesses Profit by the end of June 2013 with year-on-year growth of 226% Major Markets Competitive Add text Advantages in here • Iron ore mining located in Malaysia • Business operations include iron ore mining, processing & trading • Sale of product with iron content 50%-62% • Benefiting from low-cost open-pit operation method • China:Rizhao Steel : and high-grade iron ore products • Aosen Steel • Production capacity and profit in rapid growth phase • Bao Steel (Ningbo Steel) • Supported by well-developed roads and ports facilities • Malaysia: : • Sustainable growth from acquisitions of iron ore • Eastern Steel (Shou Steel) resources • Red Sun Fortune 1
  • 3. Overview of Project in Production Mine is located in Pahang, the largest iron ore production state in Malaysia, only 120km from the port JORC Data: Data Resources Estimated Iron Ore Resources 152 Mt (Reported at a 35% Fe cut-off grade ) Reserves 105 Mt Mine Life Expected to exceed 27 years Average Grade of Iron Ore 46.5% Estimate Valuation 未来产能增长计划 USD 410,000,000 Mt Capacity Compound Annual Growth Rate:76.6% China:4 Average shipping time to China 4-10days Area Average shipping time to China Australia 9-12 days India 12-15 days South Africa 28-38 days Brazil 40-45 days 2
  • 4. Low-cost Operations Low-cost open-pit operation method and high-grade iron ore products • Using low-cost open-pit operation method • Mine has an average iron grade of 46.5%, has low levels of impurities, so relatively simple and low-cost magnetic processing methods can be used • Average cash operating costs is USD53.7 per tonne in 2012 • Estimated average cash operating costs is USD 45.3 per tonne in 2013 2011 ( Actuals) 2012 (Actuals) 2013(Expected) 2014 (Expected) 2015(Expected) 24.52 24.52 20.96 20.96 20.96 15.03 15.68 13.98 13.98 13.98 0.39 0.39 0.39 0.39 0.39 13.16 13.16 9.97 9.97 9.97 53.10 53.74 45.30 45.3 45.3 (Unit:US$) Mining cost Total processing Cost On and Off-site Management Transport to port, port costs and marketing Total Cash Cost 3
  • 5. 2010~2013 Financial Data Gross Profit Revenue USD’000 27,931 USD’000 54,323 22,076 47,130 27,220 7,650 6,865 664 Fr 2010.8.23 2011 2012 2013.6.30 Fr 2010.8.23 2011 2013.6.30 Profit before Tax Volume of Turnover Tonne 2012 464,096 USD’000 433,135 24,035 302,771 14,357 -116 1,851 15000 Fr 2010.8.23 Fr 2010.8.23 2011 2012 2013.6.30 2011 2012 2013.6.30 4
  • 6. 2013~2016 Profit Forecast 2013~2016 Profit Forecast 2013 2014 2015 2016 1,400,000 4,000,000 6,000,000 8,000,000 Sales Revenue (USD’000) ) 151,200 440,000 672,000 912,000 Net Profit (USD’000) ) 40,000 80,000 120,000 190,000 Sales Quantity (T) 5
  • 7. New Iron Ore Resources in 2013 Iron Mountain Mine: Location Terengganu, Malaysia (about 90km to port) Estimated Iron Ore Resources 280 Mt(geophysical exploration) Average Grade of Iron Ore 37% Mining Method Open-pit operation Status Geophysical Exploration completed, Detailed Exploration is ongoing 未来产能增长计划 6
  • 8. Thank You 7